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Turn key sign shop for sale Deal or Dud?
- Thread starter Locals Find!
- Start date
2B
Active Member
+1 
also ask yourself why are they selling?
and this #5
http://www.signs101.com/forums/show...ing-of-selling-business&p=1126575#post1126575
also ask yourself why are they selling?
and this #5
http://www.signs101.com/forums/show...ing-of-selling-business&p=1126575#post1126575
Circleville Signs
New Member
$15k is what I would offer....tops.
John Butto
New Member
Thought you were in real estate, and you want our thoughts. If you have $75,000 cash, which I know you don't, so you would have to borrow it from your kin or loan shark because a bank is not going to give it to you. The guy's health problems are from not having any work in Naples and driving around in his 8 year old Astro Mini with no AC. So I say buy it, sounds like a good deal for you.
HulkSmash
New Member
LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOLLOLOOLLOLOOLOLOLOL
im dying right now. God i love you john.
Locals Find!
New Member
I am not planning on buying it for myself. Cash isn't the issue.
I don't have any interest in owning my own shop. I am always on the look out for something that I can turn over. This popped up on my radar.
As for being in Real Estate I can evaluate the building but, we are not business brokers.
That is why I asked simply if it was worth looking into further for some quick profit from some guys that know these machines and operations etc...
I don't have any interest in owning my own shop. I am always on the look out for something that I can turn over. This popped up on my radar.
As for being in Real Estate I can evaluate the building but, we are not business brokers.
That is why I asked simply if it was worth looking into further for some quick profit from some guys that know these machines and operations etc...
particleman
New Member
Impossible to put a value on it without financials.
TheSnowman
New Member
If you buy it, don't pay a dime over what the equipment is worth. I bought a 25 year old business from my grandparents and even though I never struggled with having clients, after 5 years and getting all new equipment, I found the "idea" of buying a shop, still isn't worth much more than the equipment unless you have contracts in place.
Gino
Premium Subscriber
Knowing you Addie, I'd do it.
If you can get $12. a square for banners, I'm sure you can flip that place for $375,000.00
For cripe's sake..... the entire package isn't even worth $35,000...... and you're wondering ?? You must see dollar signs in everything you see, that you don't have. Like others have said, stay in the real estate world and keep filing for your Mom and wife and just tend to the $100 2' x 4' banners. You'll make a killing there.
Maybe your kid will give a black eye in the other eye.
If you can get $12. a square for banners, I'm sure you can flip that place for $375,000.00
For cripe's sake..... the entire package isn't even worth $35,000...... and you're wondering ?? You must see dollar signs in everything you see, that you don't have. Like others have said, stay in the real estate world and keep filing for your Mom and wife and just tend to the $100 2' x 4' banners. You'll make a killing there.
Maybe your kid will give a black eye in the other eye.Locals Find!
New Member
Knowing you Addie, I'd do it.
If you can get $12. a square for banners, I'm sure you can flip that place for $375,000.00
For cripe's sake..... the entire package isn't even worth $35,000...... and you're wondering ?? You must see dollar signs in everything you see, that you don't have. Like others have said, stay in the real estate world and keep filing for your Mom and wife and just tend to the $100 2' x 4' banners. You'll make a killing there.
Apart from the insults Gino that was exactly the information I was looking for. It's overpriced. Not worth my time then. I make my living finding deals and flipping them for a profit. It's what investors like me do. I don't plan on doing this garbage for the rest of my life. I would like to retire one day and my little investments are building that nest egg.
HulkSmash
New Member
Something you can turn over...
hmmmm, let's think about this. You turning it over meaning you want to make monies on it..
Turning it over would literally require you working there for 3-5 years to increase the sales of the business,(let's be serious - that's not happening) which in turn would be you buying it for yourself.
The fact you asked if it's worth it without seeing any type of financials raises a huge red flag that you're a little out of your league in the business department. A simple craigslist post wouldn't be able to tell you that, and neither could we.
Pat Whatley
New Member
Damn, apparently this place is eat up with mechanics, lawyers, and investment brokers.
HulkSmash
New Member
Business Owners with experience more like.
Pat Whatley
New Member
You mean job owners with opinions about things they've never dealt with.
HulkSmash
New Member
Locals Find!
New Member
I could care less about the financials. I was interested in the equipment value. The business itself is nothing. I don't give a damn about the clients. I would be interested simply on making money on the equipment.
If the opinion of professionals with way more knowledge than me say that the equipment etc.. isn't worth the asking price. I am not going to even waste my time contacting the seller to look further into it. End of story.